History
Six-digit sort codes were introduced in a staggered process during the 1960s as the banking industry moved towards automation. Prior to this and to facilitate the manual processing of cheques branches were allocated a 'national code' which would comprise anything between three and five digits. These took the following form:
The bank itself would be allocated a main number; Lloyds Bank for example was allocated 3, National Provincial was allocated 5, Martins was allocated 11.
Main clearing branches (usually elite London branches) would bear only one digit after the main number, e.g. 11. Metropolitan branches (which covered Greater London) consisted of two digits after the main number, e.g. 11. Country branches made up the rest of the country, and bear three digits after the main number, e.g. 11. They were displayed on cheques in this fashion, with the bank identifier taking precedence.
To facilitate the move to a six-digit-structure the national codes were retained but where a single-digit was used to identify the bank a two-digit number was introduced, e.g. Barclays branches went from 2 to 20, Midland from 4 to 40, etc.
Read more about this topic: Sort Code
Famous quotes containing the word history:
“The best history is but like the art of Rembrandt; it casts a vivid light on certain selected causes, on those which were best and greatest; it leaves all the rest in shadow and unseen.”
—Walter Bagehot (18261877)
“History has neither the venerableness of antiquity, nor the freshness of the modern. It does as if it would go to the beginning of things, which natural history might with reason assume to do; but consider the Universal History, and then tell us,when did burdock and plantain sprout first?”
—Henry David Thoreau (18171862)
“The history of work has been, in part, the history of the workers body. Production depended on what the body could accomplish with strength and skill. Techniques that improve output have been driven by a general desire to decrease the pain of labor as well as by employers intentions to escape dependency upon that knowledge which only the sentient laboring body could provide.”
—Shoshana Zuboff (b. 1951)